EBRD in 2015, invested a record € 9.4 billion

Moscow. January 13. The European Bank for reconstruction and development (EBRD) in 2015, increased the total investment to a record level of 9.4 billion euros, the Bank said.

In 2014, the EBRD investments amounted to 8.9 billion euros.

Russia in recent years has been the largest recipient of EBRD funds. But after in July 2014 the EBRD has suspended investments in new projects on the territory of the Russian Federation in the framework of a plan to improve political and economic pressure on Russia, adopted by the leaders of EU, Russia dropped out of the list of major recipients of the Bank’s money.

Leader in raising funds the EBRD last year was Turkey – volume of investments of the Bank amounted to 1.9 billion euros against 1.4 billion euros a year earlier. Second place went to Ukraine, received from the EBRD about 1 billion euros. On investments in Kazakhstan accounted for € 708 million.

In addition, in 2015, the EBRD undertook its first investment in Greece, which became a country of operations on an interim basis until 2020. The first funding programme in Greece aimed at stabilizing the financial sector: the EBRD acquired shares in four leading banks in the country totaling 250 million euros.

The report also notes that the EBRD by the end of 2015 expects to receive net profit of around 800 million euros compared to a loss of about 600 million euros a year earlier.